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Superannuation

CareSuper releases direct investment option

LAURA MILLAN  |  FRIDAY, 3 MAY 2013
CareSuper has issued a direct investment option within the fund as a response to the member's demand for more control over their investments.

No decision yet on QIC sale

ALEX DUNNIN  |  THURSDAY, 2 MAY 2013
The government Queensland Commission of Audit Report recommendation that the Queensland Investment Corporation (QIC) be privatised puts the spotlight on the significant funds management businesses that several state governments are now running.

MySuper draft regs released for consultation

ALEX DUNNIN  |  WEDNESDAY, 1 MAY 2013
MySuper product providers will be required to disclose investment risk and the dollar value of fees and their investment performance under proposed regulations released by the government.

ASFA warns govt against Super raid

MARK SMITH  |  TUESDAY, 30 APR 2013
The Association of Superannuation Funds of Australia (ASFA) has warned the government that any plans to raid superannuation would have a grave effect on public confidence.

Opposition and VOFF criticise response to Trio report

LAURA MILLAN  |  MONDAY, 29 APR 2013
The opposition and the Victims of Financial Fraud (VOFF) have criticised the government's response to the reports by the Parliamentary Joint Committee and Richard St. John on the collapse of Trio Capital.

REI and Club Plus get MySuper green light

MARK SMITH  |  WEDNESDAY, 24 APR 2013
REI Super and Club Plus Super have become the latest funds to get approval from the Australian Prudential Regulation Authority (APRA) for their MySuper offerings.

NZ Super sells forestry assets to Chinese state owned company

ALEX DUNNIN  |  WEDNESDAY, 24 APR 2013
The New Zealand Superannuation Fund (NZSF) has sold a portfolio of 11 forestry blocks in New Zealand's North Island to a Chinese state owned logging group.

Nominations in for the CIO and COO Year Awards

STAFF WRITER  |  TUESDAY, 23 APR 2013
Nominations are in for the annual chief investment officer and chief operating officer of the Year Awards, to be held on May 7 in Melbourne.

HOSTPLUS awards custody tender to Citi, gets MySuper licence

ALICE URIBE  |  TUESDAY, 23 APR 2013
HOSTPLUS has appointed Citi its global custodian as part of its transformation to becoming a pooled superannuation trust (PST) according to chief investment officer Sam Sicilia.

APRA warns licensees warning about 3 day rollovers

ALEX DUNNIN  |  MONDAY, 22 APR 2013
The Australian Prudential Regulation Authority (APRA) has today written to RSE licensees advising them of their new obligations to process rollovers within three days and use the Australian Taxation Office (ATO) developed SuperTIC service as their means ...